Elevance Health Inc’s recently made public that its EVP & President,Gov Health Ben Norwood Felicia F unloaded Company’s shares for reported $3.3 million on Apr 24 ’24. In the deal valued at $532.44 per share,6,199 shares were sold. As a result of this transaction, Norwood Felicia F now holds 27,304 shares worth roughly $14.58 million.
Then, Norwood Felicia F sold 14,111 shares, generating $7,531,565 in total proceeds. Upon selling the shares at $533.74, the EVP & President,Gov Health Ben now owns 31,460 shares.
Before that, Kendrick Charles Morgan JR sold 2,432 shares. Elevance Health Inc shares valued at $1,217,119 were divested by the EVP & President, Commercial at a price of $500.46 per share. As a result of the transaction, Kendrick Charles Morgan JR now holds 15,840 shares, worth roughly $8.46 million.
Barclays initiated its Elevance Health Inc [ELV] rating to an Overweight in a research note published on March 06, 2024; the price target was $584. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Peer perform”. Morgan Stanley also remained covering ELV and has increased its forecast on April 27, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Cantor Fitzgerald started covering the stock on April 21, 2023. It rated ELV as “an Overweight”.
Price Performance Review of ELV
On Monday, Elevance Health Inc [NYSE:ELV] saw its stock fall -0.61% to $533.98. Over the last five days, the stock has gained 0.33%. Elevance Health Inc shares have risen nearly 13.24% since the year began. Nevertheless, the stocks have risen 14.74% over the past one year. While a 52-week high of $542.07 was reached on 04/25/24, a 52-week low of $412.00 was recorded on 01/18/24. SMA at 50 days reached $512.19, while 200 days put it at $477.15. A total of 0.64 million shares were traded, compared to the trading of 0.92 million shares in the previous session.
Levels Of Support And Resistance For ELV Stock
The 24-hour chart illustrates a support level at 530.94, which if violated will result in even more drops to 527.90. On the upside, there is a resistance level at 538.83. A further resistance level may holdings at 543.68. The Relative Strength Index (RSI) on the 14-day chart is 63.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.94%. Stochastics %K at 89.33% indicates the stock is a selling.
